TurboTax 2012 Update Notes (Individual)
What's in the current TurboTax federal program update?
Release 17 (R17) – April 24, 2013
R17 fixes the issue Startup Costs Doubled After Editing.
In addition, R17 incorporates all items from the previous releases listed below.
Previous Update Releases
Release 16a/16b (R16a/R16b) – April 9, 2013
R16a and R16b fixes the issue Unable to Enter Form 5695 Energy Credits which was inadvertently introduced in the R16 release.
Release 16 (R16) – April 3, 2013
R16 made some usability improvements in the File section of TurboTax. No calculations are affected.
Release 15 (R15) – March 20, 2013
R15 fixes the following program issue:
- 1099-MISC for Rental Property or Equipment Loop - More info
Release 14 (R14) – March 14, 2013
R14 fixes the following program issues:
- Keogh, SEP and SIMPLE IRA Contribution Amounts Duplicated - More info
- Form 8889 Not Included When Form 5329 is Present - More info
- Unable to Access State Return, State Looping - More info
- "Donation Date has an invalid date" error - More info
Release 13 (R13) – March 6, 2013
R13 fixes the following program issues:
- Unable to Enter Energy Efficient Vehicle Purchased after 2010 - More info
- Investment sale interview asks for wash sales already entered - More info
- Confusing "Beneficiary of a Railroad Employee" screen instructions - More info
Release 12 (R12) – February 27, 2013
R12 fixes the following program issues:
- Amortization Expense for Intangible Asset Incorrect - More info
- Contract & Straddles Interview References Incorrect - More info
- Incorrect calculations for Roth Conversions with Code G - More info
- Form 1040, Line 53c Rejection Issue - More info
Release 11 (R11) – February 20, 2013
R11 fixes the following program issues:
- Unable to Accurately Enter Manufacturer Incentive Payments - More info
- Unable To Enter Mortgage Points Not Reported on Form 1098 - More info
- Calculation error on Line 29 of Form 2210 AI - More info
R11 also incorporates new guidance from the IRS that allows some – but not all – returns containing Form 8582: Passive Activity Loss Limitations to be processed. More info
Release 10 (R10) – February 13, 2013
R10 fixed the following program issue:
- Federal Summary Screen Displaying Incorrect Taxes Owed - More info
Release 9 (R9) – February 6, 2013
Final versions of the remaining outstanding forms and schedules were released:
- Form 1116, Foreign Tax Credit
- Form 2210, Underpayment of Estimated Tax
- Form 2210-F, Underpayment of Estimated Tax by Farmers and Fishermen
- Form 3468, Investment Credit
- Form 3800, General Business Credit
- Form 4136, Credit for Federal Tax Paid on Fuels
- Form 4255, Recapture of Investment Credit
- Form 4562, Depreciation and Amortization
- Form 8834, Qualified Electric Vehicle Credit
- Form 8839, Qualified Adoption Expenses
- Form 8910, Alternative Motor Vehicle Credit
- Form 8911, Alternative Fuel Vehicle Refueling Property Credit
- Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit
- Form 8938, Statement of Specified Foreign Financial Assets
- Form 8958, Allocation of Tax Amts Between Certain Indviduals
- Form 9465, Installment Agreement Request
- Form 1040-ES, Individual Estimated Tax Voucher
- Schedule K-1, Partner's Share of Income, Credits, Deductions
- Schedule K-1, Shareholder's Share of Income, Credits, etc.
- Schedule J, Income Averaging for Farmers and Fishermen
- Form W-4, Employee's Withholding Allowance Certificate
With this release, all IRS forms and schedules are now final. R9 also fixed the following bugs:
- Unable to E-file: Negative Business Use Percentage - More info
- Unable To Enter Balance Due On State Taxes Paid - More info
- Unable To File Due To Schedule D & Form 8949 - More info
- Unable To File Due To Schedule 8812 Child Tax Credit - More info
- Foreign Child Care Providers Creating Error - More info
- Error When Importing 2011 H&R Block (.t11) Return - More info
- 1099-DIV "Looping" During Error Check - More info
- TurboTax Mac/iPad Freezes When Editing Investment Sale - More info
- Form 5695 Printout Issue - More info
In addition, R9 finalized the 2012 amended returns interview.
Releases 8/8a/8c/8d (R8/R8a/R8c/R8d) – January 23/25/27/29, 2013
Final versions of the following forms and schedules were released in R8:
- Form 1040X, Amended U.S. Individual Income Tax Return
- Form 5329, Add'l Taxes on Qualified Plans (Incl IRAs)
- Form 5405, First-Time Homebuyer Credit and Recapture
- Form 5695, Residential Energy Credits
- Form 6251, Alternative Minimum Tax
- Form 6781, Gains and Losses from Sec 1256 Contracts and Straddles
- Form 8379, Injured Spouse Claim and Allocation
- Form 8396, Mortgage Interest Credit
- Form 8582-CR, Passive Activity Credit Limitations
- Form 8801, Credit for Prior Year Minimum Tax
- Form 8814, Parents' Election to Report Child's Interest and Dividends
- Form 8815, Exclusion of Interest from Series EE and I U.S. Savings Bonds
- Form 8859, District of Columbia First-Time Homebuyer Credit
- Form 8917, Tuition and Fees Deduction
- Form 8949, Sales and Other Dispositions of Capital Assets
- Schedule C-EZ, Net Profit from Business
- Schedule D, Capital Gains and Losses
- Schedule E, Supplemental Income and Loss
- Schedule F, Profit or Loss from Farming
- Schedule R, Credit for the Elderly or the Disabled
R8 also fixed the following bugs:
- Incorrect Health Savings Account Calculation - More info
- Error: "Zip Code Does Not Match" When E-Filing - More info
R8a finalized IRS Form 8606, Nondeductible IRA and the TurboTax Home Sale Worksheet.
R8c fixed the erroneous "You Must Upgrade to TurboTax Deluxe" message for Military taxpayers.
R8d updated in-product information regarding late-breaking IRS processing information involving Form 8863.
Release 7 (R7) – January 16, 2013
Final versions of the following forms and schedules were released:
- Form 2106, Employee Business Expenses
- Form 4797, Sales of Business Property
- Form 8829, Expenses for Business Use of Your Home
- Form 8880, Credit for Qualified Retirement Savings Contributions
- Form 8885, Health Coverage Tax Credit
- Form 8891, Canadian Registered Retirement Plans
The following bugs were fixed:
- Retirement Contribution Summary Screen error - More info
- Unable to enter repayment for 2008 Homebuyer Credit - More info
- Unable to enter country for Foreign Tax Credit - More info
- Schedule A error when e-filing with standard deduction - More info
Releases 6/6a (R6/R6a) – January 9/11, 2013
Final versions of the following forms and schedules were released in R6:
- Form 2441, Child and Dependent Care Expenses
- Form 4137, Tax on Unreported Tip Income
- Form 4562, Depreciation and Amortization
- Form 8812, Child Tax Credit
- Form 8853, Long-Term Care Insurance Contracts
- Form 8941, Credit for Small Employer Health Insurance Premiums
- Schedule A, Itemized Deductions
- Schedule C, Profit or Loss from Business
R6a changed the return processing date from January 22 to January 30 to align with the IRS announcement on January 8. More info
Releases 5/5a (R5/R5a) – January 2/4, 2013
E-filing is now available with the R5 releases. In addition, final versions of the following forms were released:
- Form 2106-EZ, Unreimbursed Employee Business Expenses
- Form 2439, Notice to Shareholder of Undistributed Long-Term Capital Gains
- Form 2555, Foreign Earned Income
- Form 4684, Casualties and Thefts
- Form 8283, Noncash Charitable Contributions
- Form 8582, Passive Activity Loss Limitations
- Form 8615, Tax for Certain Children who have Investment Income
- Form 8862, Information to Claim Earned Income Credit after Disallowance
- Schedule EIC, Earned Income Credit
- Schedule H, Household Employment Taxes
Release 4 (R4) – December 13, 2012
Final versions of the following forms were released:
- Form 4835, Farm Rental Income and Expenses
- Form 4952, Investment Interest Expense Deduction
- Form 8889, Health Savings Accounts (HSAs)
- Form 8930, Midwestern Disaster Area Distributions
Release 3 (R3) is the December 3 release of TurboTax Online. It is not an update.
Release 2 (R2) – November 21, 2012
Final versions of the following forms and schedules were released:
- Form 1040-V, Payment Voucher
- Form 3903, Moving Expenses
- Form 4868, Application for Automatic Extension of Time to File
- Form 4972, Tax on Lump Sum Distributions
- Form 6252, Installment Sale Income
- Form 8453, U.S. Individual Income Tax Transmittal for an IRS E-File Return
- Form 8824, Like-Kind Exchanges Form 8888, Direct Deposit of Refund
- Form 8919, Uncollected Social Security and Medicare Tax on Wages
- Schedule B, Interest and Dividend Income Schedule SE, Self-Employment Tax
Release 1 (R1) is the November 9 "manufacturer's release" of TurboTax software. It is not an update.
- 2012 IRS Tax Form Availability for TurboTax Personal Tax Products
- IRS Starts Processing Remaining Delayed Forms